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NewsBTC 2022-09-26 17:23:54

Let’s Go Electric..!

EasyFi’s On-chain Permissionless Margin Trading Protocol aims to bring scale to the burgeoning DEX based trades The permissionless and composability ethos of the DeFi space has allowed the creation, listing and trading of the almost 20000 tokens and coins with varying degrees of liquidity, volumes and growth. Leveraged trading, however, has had its share of centralization with over $200 billion worth of margin trades happening on a daily basis on the many centralized exchanges. On DEXs – not so much! Permissionless markets for leveraged trading have been few and far between and that too with minimal market penetration and depth. What the DeFi market truly needs is enough scale to meet the decentralized margin trade demand that it displays. Introducing Electric Building on the #DoMoreWithDeFi vision at EasyFi, we bring you Electric – a decentralized, permissionless, scalable, secure, leverage trading platform, that enables traders to take out short-term loans to trade margin positions from publicly sourced liquidity on from different AMMs / decentralized exchanges. This will happen on the EasyFi App where users can conduct margin trades on designated trading pairs in an efficient and secure manner. Leverage hundreds of tokens on EasyFi’s multichain margin trading product and execute leveraged trades with integrated liquidity from top DEXs like Uniswap, Sushiswap, PancakeSwap, QuickSwap and more on multiple blockchai...

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